Sierra Rutile Holdings (ASX:SRX) ROCE % : -18.91% (As of Dec. 2023)

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What is Sierra Rutile Holdings ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Sierra Rutile Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -18.91%.

Sierra Rutile Holdings ROCE % Historical Data

The historical data trend for Sierra Rutile Holdings's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sierra Rutile Holdings ROCE % Chart

Sierra Rutile Holdings Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

49.95

-9.51

Sierra Rutile Holdings Semi-Annual Data
	Dec22	Jun23	Dec23
ROCE %	-	-0.20	-18.91

Sierra Rutile Holdings ROCE % Calculation

Sierra Rutile Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-25.349	/	( ( (331.163 - 52.242)	+	(313.396 - 59.298) )	/ 2 )
	=	-25.349	/	( (278.921	+	254.098)	/ 2 )
	=	-25.349	/	266.5095
	=	-9.51 %

Sierra Rutile Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-50.132	/	( ( (337.251 - 61.162)	+	(313.396 - 59.298) )	/ 2 )
	=	-50.132	/	( ( 276.089	+	254.098 )	/ 2 )
	=	-50.132	/	265.0935
	=	-18.91 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Sierra Rutile Holdings (ASX:SRX) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Sierra Rutile Holdings ROCE % Related Terms

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Sierra Rutile Holdings (ASX:SRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sierra Rutile Holdings Ltd (ASX:SRX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SRRHF:USA

Address

225 Saint Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.sierra-rutile.com

Sierra Rutile Holdings Ltd is a multi-mine operation straddling the Bonthe and Moyamba districts in southern Sierra Leone. It offers Titanium Dioxide Feedstocks, Standard Grade Rutile (SGR). Industrial Grade Rutile (IGR), High-grade ilmenite, and Zircon-in-concentrate (ZIC). Sierra Rutile's primary products serve end-use applications namely Pigment; Metal; and Welding end-use applications.

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